Snowflake launches Financial Services Data Cloud

Hyderabad Snowflake, a cloud-computing based data warehousing company, on Friday launched the Financial Services Data Cloud, which unites the company's industry-tailored platform governance capabilities, Snowflake and partner delivered solutions, and industry-critical datasets, to help Financial Services organisations revolutionise how they use data to drive business growth and deliver better customer experiences.

The company's Data Cloud helps organisations accelerate their top-line growth and innovation while mitigating risk. Banking, insurance, fintech, and investment management customers, and others in the financial services industry, can utilize Snowflake's Financial Services Data Cloud to launch new customer-centric products and services, build fintech platforms of the future, and accelerate their compliance and regulatory compliance.

Industry-leading customers like Allianz, AXA,BlackRock, Capital One, NYSE, Refinitiv, Square, State Street, Western Union, and Wise, are already part of the Data Cloud.

"The Financial Services Data Cloud will enable leaders in the space to create new revenue streams through future-forward products, collaborate within and across the new data economy for competitive advantage, while continuously maintaining security and governance standards,"said Snowflake VP and Global Head of Financial Services, Matt Glickman.